Mayor of Waipā
Rates and revenue
The work of local government is funded mainly by property taxes in the local area, known as rates. This makes up around 60% of council expenditure, with the rest coming from user charges, investment income, regulatory fees and roading subsidies. Councils can also borrow money to spread the cost of large investments such as infrastructure over a longer period of time.
Rates and revenue
The work of local government is funded mainly by property taxes in the local area, known as rates. This makes up around 60% of council expenditure, with the rest coming from user charges, investment income, regulatory fees and roading subsidies. Councils can also borrow money to spread the cost of large investments such as infrastructure over a longer period of time.
Reduce council assets by selling surplus assets, this will help with rates reduction and council debt.
Stop playing the property market as this is not a core service of council.
Ensure rate increases stay as low as possible by delaying capital projects like new museums, libraries and the like.
Maintain rates increases at a level that they remain affordable for our residents but at the same time ensure inter-generational fairness.
Maintain debt levels well within our debt affordability benchmarks for each year.
Continue to take up arbitrage borrowing when available and appropriate to generate additional income.
Review expenditure on projects to ensure we are spending no less and no more than is required to meet needs.
Ensure plans well-cater for the future growth of Waipā so that what we build is not outdated a few years after development.
Progressing a new bridge. Waipā's debt is low; if NZTA won't fund it, we must. The bridge will reduce our CO2 and congestion.
Reduce council assets by selling surplus assets, this will help with rates reduction and council debt.
Stop playing the property market as this is not a core service of council.
Ensure rate increases stay as low as possible by delaying capital projects like new museums, libraries and the like.
Maintain rates increases at a level that they remain affordable for our residents but at the same time ensure inter-generational fairness.
Maintain debt levels well within our debt affordability benchmarks for each year.
Continue to take up arbitrage borrowing when available and appropriate to generate additional income.
Review expenditure on projects to ensure we are spending no less and no more than is required to meet needs.
Ensure plans well-cater for the future growth of Waipā so that what we build is not outdated a few years after development.
Progressing a new bridge. Waipā's debt is low; if NZTA won't fund it, we must. The bridge will reduce our CO2 and congestion.
Mayor
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